EUROCORP

Financial Morning News 27/08/2012

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 644.04 posting profits of 2.28%, in a turnover of €20.98mn.

The German Chancellor Ms. Angela Merkel said that Germany and France want Greece to stay in the euro zone and the country’s government will do everything to solve its problems. She added that Germany will wait for the troika report. The Prime Minister Mr. Antonis Samaras said that Greece intends to fulfil its obligations and is on the way to doing so. Greece is working to bring down its credibility deficit and asks for the country to be given a chance to breath.

According to Financial Times Deutschland newspaper, a working group led by Germany’s deputy finance minister is studying the possible economic impact of a Greek exit from the euro zone. At the same time, reports in the UK have referred to British government sources saying that the White House is pressuring the euro zone not to take any steps that could lead to Greece leaving the euro zone before the Presidential election in the US.

Economic releases

  • 08/29 PPI y-o-y July
  • 08/31 Retail Sales y-o-y June
  • Corporate releases

    • 08/21 08/27 Motor Oil H1’12 results (after-market). Est. profits: €71mn, est. EBITDA: €175.6mn
    • Corporate Impacts

      • Cypriot Banks: The Central Bank said that it had appointed professional services firm Alvarez & Marsal to investigate why the two largest banks had to seek state support.
      • Technical

        FTSE 20 September future:

          Support levels: 228-222-216. Resistance levels: 240-248-254.

        Disclaimer

        The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.

        The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.

        The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.

        Get Adobe ReaderYou will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.

Error Page

GlobalSoft Perquote Server 1.0.2.9

    Error 404:   

    The page requested not found!